Embracing Resilience Amidst Changing Economic Dynamics The Town of Georgina's real estate market showcases resilience in the face of broader economic challenges, reflecting a unique blend of local dynamics. In September 2023, 38 properties changed hands, with an average selling price of $879,963. New listings surged to 163, and homes spent an average of 25 days on the market. A glance at the year-to-date figures reveals a robust market with 525 sales, an average price of $919,249, and... [read more]

As Autumn begins the real estate landscape experiences a noticeable transformation. While family-driven activity may ease, and certain investors adjust strategies, it's vital to understand that the fall season brings a dynamic mix of homebuyers actively seeking new homes. Autumn is a reminder that, despite a slowdown in family-related housing quests, the market continues to thrive. It's a symphony of diverse buyers, each embarking on a unique journey to find their dream home. For... [read more]

October 2023 in the Greater Toronto Area (GTA) was all about the housing market, and it had folks talking about affordability and dealing with a bit of uncertainty. It slowed down the sales game just a tad compared to last year. But hey, don't be fooled; the market's got some fight left, as prices kept on climbing. Paul Baron, the big shot at TRREB, pointed out how people were still hungry for homes, thanks to the population explosion and the strong GTA economy. People were starting... [read more]

And what does that mean to the state of the market in Georgina?  Months of inventory is a common metric used in the real estate industry to gauge the balance between supply and demand in the market. It's a snapshot of how long it would take for all the current homes on the market to sell, given the current pace of sales. Here's how it works: 1. Current Inventory: This is the number of active listings on the market at the end of a given month. 2. Pace of Sales: This is... [read more]